Debt Denial
Posted in Macroeconomics on Feb 19th, 2009
The US Federal Debt now stands at $10.8 trillion. Seems like a lot, right? Government apologists would be quick to point out that this $10.8 trillion is still “only” 77% of US GDP. I’d like to make several points. If this is a relevant metric, how does the US compare to the rest of the […]
